Filed October 10, 2024
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 9-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $81,102 | $132,049-38.6% | $200,582-59.6% | $74,304+9.1% |
| Participation rate | 71.6% | 84.1%-12.5pp | 86.9%-15.3pp | 60.3%+11.2pp |
| Annual return | 18.67% | 22.22%-3.5pp | 42.33%-23.7pp | 29.43%-10.8pp |
| Employer contribution / active EE | $3,098 | $4,558-32.0% | $6,419-51.7% | $2,241+38.2% |
| Participant deferral / active EE | $6,408 | $7,213-11.2% | $9,331-31.3% | $3,767+70.1% |
| Admin fee / account holder | $6,357 | $2,405+164.4% | $16,305-61.0% | $2,969+114.1% |